Mr. Sameet Kanade reports

STEEP HILL SETTLES INDEMNIFICATION LAWSUIT

Steep Hill Inc., further to its press release of Aug. 31, 2023, the company and its wholly owned Delaware subsidiary, Steep Hill, Inc., have reached a settlement with the former chief executive officer of Steep Hill U.S., Jmichaele Keller, and his consulting company, Delft Blue Horizons B.V. The settlement resolves all litigation and releases all claims between the parties. The settlement and release will terminate the indemnification action brought by Keller in the Chancery Court of the State of Delaware.

About Steep Hill Inc.

Steep Hill is in the process of restructuring its business and is exploring strategic alternatives.

We seek Safe Harbor.